The Savings and Loans Crisis (6 gen 1970 anni – 23 dic 1989 anni)
Descrizione:
Congress deregulated loans and savings, and they were unprepared for the intense competitions. Interest rates had sky rocketed, and risky loan put many banks out of business. The government ended up passing a legislation in 1989 that essentially abolished the independence of the savings and loan industry.
Aggiunto al nastro di tempo:
The Bank History by Sarah H and Nyara G
The history of the American Banks
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